Drupal monetizing platform Acquia closes $30 million venture capital round and plans European expansion [Nov 29, 2012]

Submitted on
Thursday, November 29, 2012
Growth Business

Acquia has taken its fundraising total to $68.5 million (£43 million) following a $30 million round led by new backer Investor Growth Capital.

The deal also sees return contributions coming from existing investors North Bridge Venture Partners, Sigma Partners, Tenyana Capital as well as additional new supporters Goldman Sachs and Accolade Partners.

Speaking exclusively to GrowthBusiness, Jim Shaw, general manager EMEA for Acquia, says that the past 12 months has seen 77 per cent year-on-year growth in European bookings.

'In this time we have also expanded the European team to 40 staff, over 20 of whom are based in the UK,' he adds.

'The UK continues to be our strongest European market with customers from a wide range of sectors including media, publishing, entertainment, government, higher education and high-tech.'

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